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According to ChainCatcher, Valinor, a blockchain private credit startup co-founded by former Blackstone employees, has announced the completion of a $25 million seed round. The round was led by Castle Island Ventures, with participation from Susquehanna's crypto division, Maven11, and the founder of TeraWulf, a Bitcoin mining company that has transitioned to artificial intelligence. Valinor's core business is bringing the private credit process on-chain. Traditional private credit institutions rely on manual verification and spreadsheet collaboration when handling revolving credit facilities and similar services. Valinor plans to replace these processes with smart contracts, enabling automated fund routing and conditional execution. Both co-founders have traditional finance backgrounds, having worked in banks and in Blackstone's private credit division before transitioning into the crypto industry in 2022. Valinor initially focused on providing loans to crypto companies and has since incorporated blockchain technology into the loan process to improve efficiency. The company has already provided loans to several fintech and crypto companies using blockchain technology. The funds raised in this round will be used to expand the scale of lending, grow the client base, and add to the team, which currently has six employees.

According to Golden Ten Data on March 30th, Nasdaq will introduce a series of new rules, including accelerating the process for newly listed large companies to be included in the Nasdaq 100 Index. This move aims to reduce the waiting time for companies to join this flagship stock index. As high-valued tech companies such as SpaceX and OpenAI prepare to go public, exchange operators are seeking to speed up the IPO process. Lilia, Head of Nasdaq Global Index Solutions, stated that Nasdaq is considering rule adjustments to ensure that newly listed large companies and companies switching boards do not have to wait as long as a year or more to be included in the Nasdaq 100 Index. Nasdaq announced that the new rules, including a "fast track inclusion" mechanism, will take effect on May 1st, but most of the adjustments are expected to impact index constituents only from June onwards.

Golden Ten Data Futures March 30 – On March 29, the UAE's EGA aluminum plant was attacked by Iranian missiles and drones, causing severe damage to the facilities. Damage assessment has been initiated, and a significant reduction in production is expected, involving a total production capacity of approximately 1.53 million tons. Together with the production cuts initiated by Alba and Qatalum this month, the combined reduction by the three aluminum plants amounts to approximately 2.63 million tons.